South Korean Mirae Asset to Invest $72M in Space X in January 2023

SAFAKNA TURKEY – Subsidiaries of South Korean financial group Mirae Asset Financial Group plan to invest a total of 93 billion won ($72.43 million) in Space X in January 2023, according to regulatory filings released Friday.

Mirae Asset Securities Co Ltd (006800.KS) and Mirae Asset Capital Co Ltd will invest 88.5 billion won and 4.5 billion won, respectively, in Elon Musk’s rocket and satellite company, a Mirae Asset Group spokesman told Reuters.

In addition, in July, Mirae Asset Securities invested 116 billion won in Space X through its own fund.

In October, Mirae Asset Financial Group planned to allocate about 300 billion won to fund Elon Musk’s deal with Twitter.


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